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American Rescue Plan: China faces foreign outflows threat, with instability fuelled by US $1.9 trillion coronavirus relief

Summary:
[unable to retrieve full-text content]China faces the threat of foreign outflows from the second half of the year as rising borrowing costs in the United States drives investors out of emerging markets, according to a former adviser to China’s central bank.The potential for a reversal in capital inflows and a possible wave of bond defaults are two of the biggest risks facing the economy this year, Li Daokui, a former member of the People’s Bank of China’s monetary policy committee, said in an interview. The instability is being…

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[unable to retrieve full-text content]
China faces the threat of foreign outflows from the second half of the year as rising borrowing costs in the United States drives investors out of emerging markets, according to a former adviser to China’s central bank.The potential for a reversal in capital inflows and a possible wave of bond defaults are two of the biggest risks facing the economy this year, Li Daokui, a former member of the People’s Bank of China’s monetary policy committee, said in an interview. The instability is being…

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